Regular readers of my articles on Gold over the past few years know that I have a theory on this Gold Bull market. In summary, it’s that we are in a 13 Fibonacci year uptrend that started in 2001, and now we are in the final 4 years of that uptrend. It is in this … Continue reading “How long and how high for Gold, and how to play it”
(Excerpted from August 31st forecast to our Paying subscribers, who were alerted at $18.73 per ounce, now $19.50) Silver is one asset class I do not cover very often, but have been largely bullish on since $6 an ounce many years ago. It can be considered “poor man’s Gold” as they say. I believe Silver … Continue reading “Silver about to Breakout Big”
Let me first start by saying I’ve been a long term “Gold Bull” since the fall of 2001, based both on economic factors as well as Elliott Wave patterns that I think are clear on Gold’s Bull rise. As we are now almost in a Fibonacci 21 months of Gold rally off the October 2008 … Continue reading “Is Gold About To Peak And Nobody Knows It?”
Back in mid April on Kitco.com I wrote a market forecast calling for a top in the SP 500 index and an ABC correction. Since that time I had one intervening update on both Gold and the SP 500 index, and this is a June 5th follow-up. Gold should continue to back and fill as … Continue reading “The SP 500 and Gold Update, a Bear and a Bull cycle- June 5th, 2010”
Back in the third week of April I predicted here on Kitco.com a topping in the broader market indices. The theory was the VIX levels were extremely and historically too low concomitant with extremely high historical readings in investor bullish sentiment gauges. After thirteen Fibonacci months of a bull cycle rally, it was likely an … Continue reading “An update on the Gold Bull Market and the SP 500 Index”
We were in front of this latest downdraft and also correct in my bullish projections for Gold at the same time. Gold has hit 1210, the SPY has hit sub 113, which was the initial area for a minimum bottom. We have to put aside some of the computer related problems and look at around … Continue reading “Broad Market & Gold Projections”
The recent technical move up in Gold only confirms that we are in the final five year window in my opinion where the investing public becomes “aware” that gold is real money…..
A pullback in Gold to the 102.50 area on the GLD ETF would fill a “Gap” in that chart, and represent a normal bull market 50% correction of the last swing…..
Gold Stocks & The Market Forecast for 2010 Jan 7th, 2010 I wrote a post here for ATP called “The bull case is not dead yet”. This ended up as an article on 321Gold.com, which you can review here: Bull Not Dead Article- Banister. I stuck my neck out, which I love to do once … Continue reading “Gold Stocks & The Market Forecast for 2010”
I continue to favor the gold stocks on a strong pullback to accumulate for a five year bull market that began in early August of this year. Our advice is to maintain higher than normal cash positions at this time, accumulate Gold on large dips, and wade into Gold Stocks on a big drop as well.